Duplex with Private
For Sale
$279,000
Pending
747 749 Roberts Court, Scranton, PA 18504
MULTI_FAMILY - Other - Scranton, PA
Property Size2,640 SF
Lot Size0.06 Acres
Days on Market25
Property Features for 747 749 Roberts Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 6, Basement, Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 1
Parking
4
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Interior features
Eat-in Kitchen
Exterior features
Rain Gutters
Basement
Full, Concrete
Appliances
Oven, Refrigerator
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From Main Ave. in West Scranton, turn onto N Hyde Park Ave. Continue to Roberts Ct. Turn onto Roberts Ct., and the property is located on the left at 747-749 Roberts Ct. Look for the duplex with a full front porch and private driveways for each unit.
Standard status
Pending
APN
14510050032
Size
2,640 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5370
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1945
Floors in Building
3
Number of units
2
Flooring type
Combination, Carpet, Vinyl
Building materials
Aluminum Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Iron Valley Real Estate Greater Scranton
(570) 300-4766
Listed By:
Mark Scrimalli · License #RS353478
(570) 880-8286
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 21 at 10:06PM
MLS# SC263709
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex features two units and is described as well-maintained. Each unit includes three bedrooms and one full bath, along with a spacious layout, eat-in kitchen, and its own private driveway. Both units have separate utilities, which can simplify property management and help keep operating costs more controlled.
The property totals 2,640 square feet and sits on a 0.06-acre lot. Built in 1945, the exterior includes aluminum siding and rain gutters, with a shingle roof. Heating is natural gas baseboard, and the home is served by public water and public sewer. Interior flooring includes combination, carpet, and vinyl, and the units include an oven and refrigerator. A porch is also present.
A standout feature is an almost-finished attic in each unit, offering the option to create additional living space and potentially increase usable area with the right finishing touches.
The property totals 2,640 square feet and sits on a 0.06-acre lot. Built in 1945, the exterior includes aluminum siding and rain gutters, with a shingle roof. Heating is natural gas baseboard, and the home is served by public water and public sewer. Interior flooring includes combination, carpet, and vinyl, and the units include an oven and refrigerator. A porch is also present.
A standout feature is an almost-finished attic in each unit, offering the option to create additional living space and potentially increase usable area with the right finishing touches.
Key Highlights
- R1 zoning for the duplex
- 0.06‑acre lot with 2,640 SF total building area
- Year built 1945 with aluminum siding and shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,771
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$435,420
$435.4K
Cap Rate 7%
$311,014
$311.0K
Cap Rate 9%
$241,900
$241.9K
Market Conditions
NOI Build-Up for 2,640 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.3K $12.60/SF
− Vacancy
−$2.2K −$0.82/SF
EGI
$31.1K $11.78/SF
− OpEx
−$9.3K −$3.53/SF
NOI
$21.8K $8.25/SF
Area
Lackawanna County, PA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$435,420
Cap Rate 7%
$311,014
Cap Rate 9%
$241,900
Alternative Uses
Best Use
Multifamily LT 5
$311.0K
$272.1K – $362.9K
NOI $21,771 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$290.8K
$254.4K – $339.2K
NOI $20,353 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$670.1K
$586.3K – $781.8K
NOI $46,906 @ 7.0% cap · market cap 16.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R1-zoned duplex with separate utilities, private driveways for each unit, and an almost-finished attic space.
Where is this duplex located?
The property is located at 747 749 Roberts Court Scranton, PA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: R1 zoning for the duplex; 0.06‑acre lot with 2,640 SF total building area; Year built 1945 with aluminum siding and shingle roof
